Walmart touts online sales growth amid Amazon ecommerce battle

Jon Howard
October 12, 2017

Wal-Mart did not break out total online sales. The company issued revenue guidance of up 3% or more, compared to the consensus revenue estimate of $504.54 billion.Wal-Mart Stores also updated its FY18 guidance to $4.30-4.40 EPS.

"We are going to lean into places like technology, e-commerce, worldwide stores. we feel like we are going in the right direction with that", said Wal-Mart Chief Financial Officer Brett Biggs. (WMT) opened at 84.13 on Wednesday.

Recently Amazon entered into a deal with retailer Kohl's where 80 locations of Kohl's would handle returns for the online giant. $114.04M worth of Wal-Mart Stores Inc (NYSE:WMT) was sold by WALTON ALICE L. Canney Jacqueline P also sold $104,113 worth of Wal-Mart Stores Inc (NYSE:WMT) on Tuesday, May 23. Analysts forecast that Wal-Mart Stores, Inc. will post $4.38 earnings per share for the current year. (The) set a $87.00 price objective on Wal-Mart Stores and gave the company a "buy" rating in a research report on Tuesday, October 3rd. United Services Automobile Association bought 291,606 shares as the company's stock rose 13.55% with the market. The stock now has a consensus rating of "Hold" and a consensus target price of $81.98. The company's revenue was up 2.1% compared to the same quarter previous year. Its last month's stock price volatility remained 19.63% which for the week approaches 9.18%. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and worldwide trademark and copyright law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/10/wal-mart-stores-inc-wmt-pt-raised-to-100-00.html. Following the sale, the director now directly owns 3,344,956 shares in the company, valued at $268,265,471.20. The US online division saw increases of at least 60% in the past two quarters, four times the growth rate of the broader e-commerce sector.

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Seizert Capital Partners Llc increased Wal (WMT) stake by 2.01% reported in 2017Q2 SEC filing. Finally, Krilogy Financial LLC increased its position in shares of Wal-Mart Stores by 5.1% during the second quarter. The quarterly performance for the stock is 5.52%, while the half-yearly performance is 24.76%. Institutional investors and hedge funds own 30.19% of the company's stock. Renaissance Ltd has invested 0.49% of its portfolio in Wal-Mart Stores Inc (NYSE:WMT).

"By leveraging our physical stores and the Walmart app, we're changing the returns game in ways that only Walmart can do", said Daniel Eckert, SVP of Walmart Services and Digital Acceleration.

Walmart hopes to leverage its ability to provide groceries directly from its thousands of stores, which are located in proximity to 90 percent of the US population, and work with employees and outside services, such as Deliv, to fulfill online orders.

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